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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.

FRT Chart FRT data by YCharts

Federal Realty Investment Trust (FRT - Get Report) : In an exclusive interview, Cramer once again sat down with Don Wood, president and CEO of Federal Realty, the retail real estate investment trust with a 2.6% yield and a stock that's up over 8% for the year.

Wood said he likes to describe Federal Realty using the baseball analogy "five-tool player," which is a player that can seemingly do it all. He explained his company is well diversified and is not dependent on any one thing to survive. Federal Realty has a diverse assortment of tenants and is not beholden to fashion.

When asked about PVH (PVH - Get Report) CEO Manny Chirico's comment last week that there are too many stores in America, Wood said America is over-retailed but all of Federal Realty's properties remain where America likes to shop. All of the REIT's centers, he added, also offer food and health and wellness activities such as yoga, so Federal Realty is about a lot more than just shopping.

ENLK Chart ENLK data by YCharts

EnLink Midstream Partners (ENLK) : In his second exclusive interview, Cramer also sat down with Barry Davis, president and CEO at EnLink Midstream, the oil and gas pipeline operator that announced a $1.5 billion acquisition on the same day rival Kinder Morgan (KMI - Get Report) announced a deep cut in that company's dividend distribution.

Davis said that when EnLink was formed two years ago, it focused on financial strength and a great portfolio of assets, both of which are helping to set the company apart in today's tough oil environment.

Davis explained that 95% of EnLink's gross margins stem from fees and not the price of the commodities that flow through its system. The company also has diverse assets in three prime growth areas, the Permian Basin, central Oklahoma and Louisiana.

Davis said right now all master limited partnerships are being lumped together, but he's confident that eventually EnLink will rise above the rest as investors see that some companies have the strength to survive while others don't.

CVX Chart CVX data by YCharts

Chevron (CVX - Get Report) , Exxon Mobil (XOM - Get Report) and ConocoPhillips (COP - Get Report) : In his "Off The Charts" segment, Cramer went head to head with colleague Suz Smith over the direction of oil amid seven-year lows and rising pessimism.

Smith took a contrarian view when looking at a weekly chart of Chevron, noting the stock is forming a bullish flag pattern. If it holds above $85, that would signal another leg higher is coming. Chevron also has a 4.9% yield.

Smith saw bulls in Exxon Mobil's daily chart, with that stock nearing a bullish crossover where the 50-day moving average crosses above the 200-day average.

Finally, Smith noted that while ConocoPhillips has been fighting to regain its footing, the stochastics and relative strength indicators say this stock is very oversold.

Cramer said he likes Smith's bold calls and would be opportunistic on all three stocks as they could all bounce higher, even if only for the short term.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.